By David Shepardson (Reuters) – Montana Governor Greg Gianforte on Wednesday signed legislation to ban Chinese-owned TikTok from operating in the state to protect residents from alleged intelligence gathering by China, making it the first U.S. state to ban the popular short video app. Montana will make it unlawful for Google and Apple’s app stores…
(This May 17 story has been corrected to rectify the name to Friberg, not Friburg, in paragraph 17) By Samuel Shen and Xie Yu SHANGHAI/HONG KONG (Reuters) – Smaller consultancy and due-diligence firms in China reckon they stand to gain once business returns to normal after the shock administered by Beijing’s crackdown on firms supplying…
By Rama Venkat (Reuters) -Amazon.com Inc’s cloud computing unit will invest 1.06 trillion rupees ($13 billion) in India by the end of this decade, doubling down on its past investments to cater to the growing demand for such services in one of Asia’s fastest-growing economies. This comes on top of its $6.5 billion investment in e-commerce…
By Matt Tracy (Reuters) -Many U.S. regional lenders may have to consider selling off commercial real estate (CRE) loans at a steep discount after breaching key regulatory thresholds for exposure to the troubled sector, according to new data and market sources. Regional banks, the largest lenders to the beleaguered U.S. CRE and construction markets, have…
WASHINGTON (Reuters) – Boeing Co said on Wednesday it is rolling out a data modeling tool aimed at helping airlines and policymakers determine the quickest, most efficient path to reducing aviation emissions to zero by 2050. The tool, known as Cascade, allows users to adjust different variables – such as the use of sustainable fuels…
By Lucy Craymer WELLINGTON (Reuters) -New Zealand on Thursday announced a worse-than-forecast budget deficit as a slowing economy and a lower tax take hit its coffers, leaving the Labour government walking a tight rope as its spending plan is expected to fan inflationary pressures. In his last budget ahead of what is set to be…
By Michael Holden and Jonathan Allen LONDON/ NEW YORK (Reuters) -Britain’s Prince Harry, his wife Meghan and her mother were involved in a “near catastrophic” car chase with press photographers after attending an awards ceremony in New York, Harry’s spokesperson said on Wednesday. The incident involved “a ring of highly aggressive paparazzi” in half a…
By Praveen Menon SYDNEY (Reuters) – Two of Australia’s top football codes on Thursday backed a proposal to constitutionally recognise the country’s Indigenous population in a referendum, as latest opinion polls show public support for the government-backed plan dipping. In a full page statement published in The Sydney Morning Herald, Rugby Australia (RA) said the…
By Stella Qiu SYDNEY (Reuters) -Australia employment unexpectedly dipped in April after two months of outsized gains, and the jobless rate also ticked up in a sign the red-hot labour market might be cooling, bolstering the case for a pause in interest rate hikes next month. Figures from the Australian Bureau of Statistics released on…
(Reuters) -Micron Technology Inc said on Wednesday it plans to invest up to 500 billion yen ($3.70 billion) in extreme ultraviolet (EUV) technology over the next few years with support from the Japanese government. The latest extreme ultraviolet lithography (EUV) chipmaking machines will be used to make 1-gamma chips, which can be used for mass…
